Airtel Africa has announced revisions to its ongoing share buy-back programme, extending the window for completion until March 2026.
The telecoms and mobile money operator said it has entered into new arrangements with Barclays Capital Securities Limited (“Barclays”) to facilitate the repurchase of its shares during the forthcoming closed period. Barclays will operate the programme independently under irrevocable, non-discretionary instructions.
The company launched the second tranche of its $55 million buy-back in May 2025, with an initial end date of November 19, 2025. So far, Airtel Africa has returned $34.7 million to shareholders through the purchase of 14.2 million shares.
The revised arrangements allow the purchase of the outstanding $20.3 million worth of shares, with the programme now expected to conclude on or before March 31, 2026.
Barclays will continue to act as riskless principal, with all repurchased shares cancelled to reduce the company’s capital. Airtel Africa confirmed the buy-back will be carried out under existing shareholder authority and in line with UK Listing Rules and market abuse regulations.
The company emphasized that the sole purpose of the programme remains capital reduction, enhancing value for investors.
Airtel Africa, listed in London and Lagos, operates in 14 African countries, offering mobile voice, data, and mobile money services across East, Central, and West Africa.
Discover more from Pluboard
Subscribe to get the latest posts sent to your email.